Demarest Advogados > Rio de Janeiro, Brazil > Firm Profile

Demarest Advogados
Praia do Flamengo 200 15º andar
Rio de Janeiro RJ 22210-901

Brazil > Corporate and M&A Tier 1

With over seventy years of experience in domestic and cross-border M&A, Demarest Advogados routinely handles a significant volume of large-cap, and oftentimes innovative, transactions on behalf of Brazil’s foremost companies, private equity players and financial institutions. The team, which has developed special regional groups composed of dual-qualified professionals, is seen with great regularity advising on multi-jurisdictional deals, including inbound and outbound investments, where the team acts for Brazilian blue-chip companies looking to expand their operations internationally. Its recent workload includes advising on the structuring of the first special purpose acquisition company (SPAC) registered with the Brazilian Securities and Exchange Commission (CVM), and on the implementation of the first go-shop provision in a merger agreement in Brazil. The firm has adopted a number of structures and initiatives aimed at enhancing diversity and inclusion, including D Mulheres, a gender equality group focused on the fair distribution of opportunities within the profession; D Mais, which aims to foster a welcoming work environment for everyone irrespective of sexual orientation; and D Raízes, which works against racial discrimination. Corporate governance and M&A specialist Luciana Cossermelli Tornovskyevaluates situations with depth, but also practicality‘. With ‘in-depth knowledge of corporate and M&A‘, José Diaz manages a varied transactional workload covering M&A and corporate reorganisations. Paulo Coelho da Rocha brings experience in mergers, acquisitions and corporate governance, while Ana Carolina Botto Audi is particularly seasoned in private equity and venture capital investments, going-private deals and joint ventures. Thiago Sandim, who has a longstanding reputation in the field; Joyl Gondim, who excels in mid-market deals; key contact for infrastructure-related matters Gabriel Kuznietz; Bruna Toledo Pacheco; and Daniel Caramaschi also form part of the core team. Focused on M&A, private equity and corporate reoganisations, Fábio Tayar is a name to note at the associate level.


‘The nationally recognised firm offers excellent service. They were able to meet the demands of a cross-border M&A with personalised service.’

‘José Diaz has in-depth knowledge of corporate and M&A. He promptly helped us with challenges that arose throughout the process, with up-to-date and accurate information. Fábio Tayar was a great partner in the operation. Responsive, attentive and with clear knowledge of corporate and M&A.’

‘Demarest understands the needs of the client, and is always available.’

‘Luciana Tornovsky is very didactic, evaluates situations with depth, but also practicality. She is a great strategic thinker.’

‘Demarest is a full-service firm that offers top-notch legal advice in all fields of business law.’

‘Thiago Sandim is an experienced lawyer who is recognised in the market for his excellent negotiation skills in M&A transactions.’

Key clients





Alvarez & Marsal





Península Participações

Banco Inter



General Electric



Assicurazioni Generali

Nelo Investments

H. Hemo

Banco Abc Brasil


Canada Brokerlink







Ser Educacional



Work highlights

  • Advised Banco Inter on the corporate reorganisation and listing of shares in the US.
  • Assisted Grupo Werthein in the acquisition of Vrio Corp from AT&T Services.
  • Advised Alvarez & Marsal on the structuring and registration of the first Brazilian SPAC listed as a public company by the CVM.

Brazil > Insurance Tier 1

Demarest Advogados has a market-leading and multidisciplinary insurance practice, whose experienced lawyers are praised for their ‘availability and prompt delivery'. The São Paulo-based team offers clients, including major domestic and international insurers and reinsurers, a broad array of non-contentious expertise, covering corporate finance, M&A, partnership and distribution agreements, and regulatory compliance. Insurance disputes and damages claims also feature prominently on the agenda, with department head Marcia Cicarelli regularly representing insurers in multimillion-dollar claims across a range of industries. Other key individuals include Andre Alarcon, who is noted for corporate matters. Recently promoted partner Camila Prado is a lead contact for strategic and claims litigation, while senior associate Laura Pelegrini provides ‘state-of-the-art legal access’. Luciana Prado is no longer at the firm.

Practice head(s):

Marcia Cicarelli


‘Availability and prompt delivery in terms of information are the strongest points.’

‘We had a state-of-the-art legal access through Laura Pelegrini, who has always given us her competence and availability.’

Key clients

Chubb Seguros

AIG Seguros



Swiss Re

XP Vida e Previdência

QBE Insurance

Universal Assistance (Travel Ace)

Cesce Brasil Seguros

Axa Group


Starr International Brasil

Fator Seguradora


Berkley Seguros Brasil

Omint Seguros

Allianz Seguros

Liberty Seguros


CNP Seguros

Seguros Sura

Royal & Sun Alliance Insurance

Cardif do Brasil Vida e Previdência

Howden Broking Group

Generali Brasil Seguros

Quinto Andar Serviços Imobiliários

Europ Assistance Brasil Serviços de Assistência

IRB Brasil Resseguros

Allied World Assurance Company

Renaissance Re

Navigators Re

AO3 Tecnologia

180 Seguros Empreendimentos e Participações

Beazley Group

Vitta Tecnologia em Saúde

Pier Serviços Digitais

Coface do Brasil Seguros de Crédito

Work highlights

  • Advised Brasilprev and UBS BB on insurance, banking and capital markets matters related to the R$550m issuance of the first subordinated debt by a company supervised by the SUSEP.
  • Advised Intact and Tryg on the Brazilian legal aspects of the cash acquisition of RSA Insurance through Regent Bidco, including the corporate and insurance regulatory issues.
  • Advised Cardif Group on the negotiation of an agreement for exclusive distribution of insurance through Banco Neon’s channels.

Brazil > International trade Tier 1

Demarest Advogados has an ‘exceptional‘ international trade team, which regularly handles ‘very complex cases and processes large volumes of information and documentation‘. The firm is regularly found on Brazil’s largest trade remedies investigations, with expertise covering a wide range of industries, including manufacturing, steel, fashion, food and automotive. This experience extends to trade remedies cases initiated by other countries, including matters in the US, Europe and Argentina. WTO cases also feature prominently, with the Brazilian Government often instructing the firm. Practice head José Diaz is highly experienced in anti-dumping measures and related disputes. Other key partners include Oswaldo De Moraes, who has over 45 years’ experience, Camila Biral, Victor Lopes and recently promoted partner Fernando Bueno, ‘a brilliant lawyer who can put together very complex filings and has a great sense of strategy’.

Practice head(s):

José Diaz


‘The team is very sound; they can handle very complex cases and process large volumes of information and documentation. It is an exceptional team.’

‘Fernando Bueno is a brilliant lawyer who can put together very complex filings and has a great sense of strategy.’

‘Demarest offers a wide range of high quality legal services. The ability to understand the client’s business environment and provide guidance quickly and through a very result-oriented dialogue is a very positive differential.’

‘José Dias and Fernando Bueno, as well as the entire international trade team, stand out.’

Key clients

National Industry Confederation (CNI)

Brazilian Sporting Goods Industry Association (APICE)





National Tyre Industry Association (ANIP)



Total Express

Work highlights

  • Advising Brazilian Sporting Goods Industry Association (APICE) and its member companies and several Chinese manufacturers/exporters on the anti-dumping sunset review investigation and public interest assessment launched by Brazilian Trade Remedies Authority on footwear products imported from China.
  • Assisting Aliança Bike in an application for the reduction of import duties on bicycle components.
  • Assisting USIMINAS in the anti-dumping and countervailing duties sunset reviews concerning cold-rolled steel from Brazil, China, India, Japan, Korea, and the United Kingdom, initiated by the US.

Tax > Customs Tier 1

Brazil > Banking and finance Tier 2

Demarest Advogados is considered by its banking clients to be ‘unique in its technical quality, in-depth knowledge of the subject and close relationships'. The well-regarded team has a good reputation for regulatory advice to banks, funds and fintechs, with practice head Fabio de Almeida Braga commended for being ‘excellent in the management of complex processes and technical knowledge'. On the transactional side, the firm advises on syndicated loans, project and trade finance, securitisations and structured products. Senior associate Marcelo Ikeziri is a key member of the team. Former partner Helen Naves left the firm in 2021.

Practice head(s):

Fabio de Almeida Braga


‘What makes Demarest unique is its technical quality, in-depth knowledge of the subject and close relationships. The firm collaborates directly with ideas beyond the execution of the contracted work.’

‘Technical knowledge, availability to help and solve problems regardless of time.’

‘Fabio Braga – excellent in the management of complex processes and technical knowledge.’

Key clients

NH Latam Investments & Securities

Stone Pagamentos

KEO World

Mosaico Negócios de Internet

Creditas Soluções Financeiras

StartMeUp Crowdfunding Sistema para Investimentos Colaborativos


PNC Bank, National Association

Bank of America

Banco Agibank

Banco Inter


Natura Cosméticos

B3 S.A. Brasil, Bolsa, Balcão, Mercadorias e Futuros

Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil – Eletrobras CGT Eletrosul

Banco Rendimento

China Development Bank

Solar.Br Participações.

Banco Santander (Brasil)

Moksha8 Brasil Distribuidora e Representação de Medicamentos

Digital Realty

Establishment Holdings

Bank of China Luxembourg Branch

Moto Honda da Amazônia S.A. Banco Honda

Banco Crédit Agricole Brasil

Ezentis Brasil

PGS Investigação Petrolífera

Petroleum Geo-Services

Banco BTG Pactual

Osher & Osher Administração de Imóveis

Work highlights

  • Advised Smart RJ and its shareholders (Green Luce, High Trend Brasil, Proteres, ARC e Salberg) and Rio Smart Lighting (Rio Smart) on the issuance, by Rio Smart, of senior secured notes.
  • Assisting Syngenta Proteção de Cultivos on the examination and negotiation of terms for the Moonshoot Project, designed to help finance farmers in restoring environmentally degraded land.
  • Advising Gol Linhas Aéreas on a R$610m debenture offering.

Brazil > Capital markets Tier 2

Demarest Advogados has a versatile practice, with a good technical understanding of Brazil’s debt and equity capital markets. Recently, the firm was involved in several firsts, including advice to Alvarez & Marsal, as sponsor, on Brazil’s first SPAC IPO. Advising StartMeUp on the launch of a new platform for start-ups to attract investment through the sale and trade of tokenised securities is further evidence of the team’s capacity for innovation. Clients include major banks, investment funds and debt issuers in key industries such as agribusiness and energy. Thiago Giantomassi leads the experienced team, which includes Joao Paulo Minetto, who is active on the equity capital markets side, and recently promoted partner Leticia Galdino Wanderley.

Practice head(s):

Thiago Giantomassi

Key clients






Bradesco BBI

Itaú BBA


XP Investimentos




Banco Inter

XP Investimentos

Credit Suisse Hedging-Griffo

Work highlights

  • Advised Banco Inter on its corporate reorganisation and listing of shares in the US.
  • Advised StartMeUp on the creation, within the CVM (Brazilian Securities and Exchange Commission) regulatory sandbox environment, of a platform aimed at the trading of tokenised securities issued by start-ups, nurturing the evolution of a secondary crowdfunding market.
  • Advised the sponsor, Alvarez & Marsal, in the structure and registration of the first Brazilian SPAC listed as a public company by the CVM.

Brazil > Competition and antitrust Tier 2

The ‘dedicated, technical and agile team‘ at Demarest Advogados is regularly engaged by major companies in the healthcare, education and technology sectors, among others, and also maintains relationships with leading international law firms in the UK and US. The practice is well versed in behavioural investigations into cartels and other forms of anti-competitive conduct, while on the mergers side, the firm stands out for its track record in complex cases. With a sizeable team dedicated to competition and antitrust, the firm brings together the expertise of its experienced professionals. Daniel Oliveira Andreoli stands out for his role in negotiating leniency and settlement agreements, while Bruno Drago is particularly active in abuse of dominance cases. Clients also benefit from the input of the department’s experienced senior associates Fabianna Morselli and Marco Antônio Fonseca. Since publication, Paola Pugliese  and Milena Mundim have left the firm.

Practice head(s):

Daniel Oliveira Andreoli; Bruno Drago


‘Dedicated, technical and agile team.’

‘The firm in question served us very well, in a difficult process, they knew how to face the challenges (which were not few) and reach the goal.’

Key clients







Delta Airlines







Drogaria São Paulo


MS Amlin



Work highlights

  • Assisted Fleetzil as a third intervening party in the transaction submitted by Localiza Rent a Car and Unidas to CADE.
  • Assisted Bayer in the merger review connected to the sale of its subsidiary Schering do Brasil, as well as certain related assets in the contraceptives and hormones markets, to the Brazilian pharmaceutical competitor União Química.
  • Advised Hapvida Group on the merger review connected to the acquisition by Ultra Som, Hapvida’s wholly-owned subsidiary, of 100% of the equity interest in Promed Assistência Médica, Promed Brasil Assistência Médica, and other entities.

Brazil > Compliance Tier 2

Demarest Advogados provides an ‘exceptional service‘ in the field of compliance, where it has successfully carved out a strong reputation. Under the leadership of Eloy Rizzo, ‘a person who knows how to deal with complex situations‘ and who is highlighted for his ‘rich experience‘, the team is a popular choice for clients across the healthcare, natural resources, power and technology sectors, among others. The firm’s strength in large-scale M&A means it is often called upon to assist in integrity due diligence processes, but the team particularly stands out for its active internal investigations practice, where it acts for clients in sensitive matters involving allegations of misconduct. Also of note is Rizzo’s work in independent monitorships in Brazil. Senior associate André Luis Leme regularly takes a key coordinating role on compliance due diligence and investigations and also comes with client recommendation. Associate Victoria Arcos is another key contact; she has experience in internal investigations into fraud and corruption, including cases with cross-border aspects.

Practice head(s):

Eloy Rizzo Neto; Bruno de Luca Drago


‘The firm is extremely distinguished by its technical quality and performance characteristics!’

‘Demarest is a firm that is always available to assist us, with a technical and service quality that greatly facilitates the work. It has partners around the world that make it possible to carry out activities beyond the Brazilian territory.’

‘Eloy Rizzo is the partner responsible for compliance investigations at Demarest. He is a very friendly professional, extremely technical and a person who knows how to deal with complex situations!’

‘Very service-oriented. Healthily pragmatic.’

‘I’d highlight Eloy Rizzo and André Luis Leme.’

‘Eloy Rizzo is a workhorse, but that is only part of his appeal. Despite his relative youth, he has rich experience and knows how to apply it. He is also congenial and fun to work with.’

‘Exceptional service. Great infrastructure. Related areas of quality.’

‘Eloy Rizzo: Deep knowledge about the area of expertise. André Luis Leme: Practical and objective view. Always business oriented.’

Key clients

AES Tietê Energia

Allonda Ambiental

Amcor Flexibles do Brasil Indústria e Comércio de Embalagens


CBMM – Companhia Brasileira de Metalurgia e Mineração

Cia de Ferro Ligas da Bahia – FERBASA

CNP Seguros Holding Brasil

Consórcio Empreendedor Shopping Pátio Higienópolis

DaVita Brasil Participações e Serviços de Gestão

Etesco Construções e Comércio

Froneri Brasil Distribuidora de Sorvetes e Congelados

Fujifilm do Brasil

EcoRodovias Concessões e Serviços

Laureate Education

OPY Healthcare Gestão de Ativos e Investimentos

Oracle do Brasil Sistemas

Orthofix US

Santos Brasil Participações

Work highlights

  • Assisted DaVita in the legal aspects, from the compliance/anti-corruption standpoint, of 16 M&A due diligence projects carried out on target clinics in Brazil.
  • Retained by EcoRodovias to assist with the selection of the Brazilian monitor and to assist EcoRodovias to meet the monitor’s requests during the expected 32 months of the first 100% Brazilian monitorship.
  • Retained by CNP Seguros, a joint venture between Caixa Seguridade and the subsidiary of French Insurance company CNP, to conduct an independent internal investigation on Caixa Seguradora.

Brazil > Dispute Resolution: Arbitration Tier 2

Demarest Advogados houses a premier arbitration practice specialising in investment treaty arbitration, with extensive experience of handling claims for clients across a wide range of sectors, including pharmaceutical, automobile, steel and commodities, power, and infrastructure in general. Corporate disputes and arbitration arising from capital markets, M&A transactions and shareholder agreements also feature in the firm’s impressive portfolio. Covering both domestic and international arbitration, the team is noted for its strength in construction and contractual disputes, while showcasing niche expertise in sports and entertainment cases. Camila Biral is regularly instructed in complex arbitration proceedings involving corporate and contractual issues. Since publication, Celso Xavier , Marcelo Inglez de Souza , Carlo Verona , and Rafael Gagliardi have left the firm, effective as of May 2023.


‘The team that assists us in arbitration is very available and attentive to the client’s needs. Technically, they are excellent. They are attentive to innovations in terms of technology and also have a commercial vision that is quite important in these cases.’

‘They know the facts inside out and are excellent strategists.’

Key clients



Banco BTG



Rede Bandeirantes


Concessionária Rodovia dos Tamoios

Laureate Education

Gol Linhas Aereas

Brazil > Dispute Resolution: Litigation Tier 2

Demarest Advogados brings together the expertise of litigation, mediation and arbitration specialists who are seasoned in the entire spectrum of corporate and civil disputes. The team, which ‘combines tradition and innovation to provide quality legal services‘, is a go-to choice for several domestic and international clients from a variety of sectors, including pharmaceuticals, commodities, energy, infrastructure and financial services, engaged in complex litigation before judicial and administrative courts. Offering great national coverage, the group is well placed to assist clients in matters throughout Brazil and cases involving other jurisdictions. Cesar Rossi Machado, Amanda Sampaio, and Fernanda Leão were recently welcomed to the partnership. Since publication, Celso Xavier , Marcelo Inglez de Souza , Rafael Gagliardi and Daniel Kaufman have left the firm, effective as of May 2023.

Leading individuals

Rafael Gagliardi - Xavier Gagliardi Inglez Verona Schaffer
Celso Xavier  - Xavier Gagliardi Inglez Verona Schaffer


‘Team that has great technical knowledge, in addition to being great at integrating various legal topics into a single matter. They are able to achieve great results in processes of great relevance.’

‘Very specialised team; they always think “outside the box” and care about getting to know the client’s business. They spare no effort to achieve a positive decision, always following the highest ethical standards.’

‘Fernanda Leão and Mario Paranhos stand out.’

‘The firm combines tradition and innovation to provide quality legal services. Lawyers are technically prepared and are able to deal with clients’ problems quickly, with creative solutions.’

Key clients

Clarke Mosquito Control Products

CVC Viagens e Turismo

Formula One World Championship



Via Varejo


Uniteca Agroflorestal



Work highlights

  • Represents Vale and several former and current officers in an application for early production of evidence filed by an individual with the State Courts of São Paulo, seeking to reopen a transnational arbitration case.
  • Represented ESBR in a lawsuit filed against the Federal Government and the Power Regulatory Agency (ANEEL) seeking to overturn a decision that reduced the amount of energy (garantia física) that the Jirau hydro power plant was allowed to trade.
  • Acted for Intercement in a lawsuit seeking to overturn the final judgment issued by the Court of Appeals of Espírito Santo involving a supply contract with Bachour.

Brazil > Environment Tier 2

At Demarest Advogados, the environmental team ‘stands out for its technical quality and knowledge', and ability to navigate complex environmental and administrative litigation on behalf of major companies and other entities in the mining, forestry, agribusiness, infrastructure and chemical sectors. The practice - which regularly collaborates with other firm-wide departments, including M&A, real estate, criminal law and capital markets - handles a varied workload featuring environmental disputes, due diligence in the context of projects and transactions, sustainable investments and other innovative environmental mandates, ranging from climate change to conservation issues, biodiversity, carbon credits and air emissions. Luiz Sant’Anna, who has ‘exceptional experience in the environmental area and in civil proceedings', jointly leads the practice with recently promoted partner Fernanda Vianna Stefanelo, whose areas of expertise cover ESG, environmental licensing, solid waste and contaminated areas. Lucas Fonseca Marinho, who joined from Sion Advogados in December 2021, is a name to note at the associate level, especially for matters involving the intersection of environmental and mining law.

Practice head(s):

Luiz Sant’Anna; Fernanda Vianna Stefanelo


‘The firm has excellent expertise in environmental issues and a great reputation in the sector, in addition to an availability and flexibility to meet urgent demands that is not so common in large firms.’

‘Luiz Fernando Sant’Anna – exceptional experience in the environmental area and in civil proceedings, which helps a lot in the support provided, in addition to cordiality, availability and individualised attention to matters.’

‘The team of lawyers in the environmental area, led by Luiz Fernando, stands out for its technical quality and knowledge. It understands the peculiarities of the company’s business and acts as a partner in evaluations and analyses.’

‘Luiz Fernando stands out for his technical knowledge in the environmental area and for the way he addresses analyses, always with a business perspective.’

‘Fernanda Stefanelo is very good technically, and super involved and engaged.’

‘Fernanda Stefanello has a lot of experience having worked as a lawyer for the environmental agency of the State of São Paulo and therefore has a deep operational knowledge of such regulatory agency, which facilitates and distinguishes her work.’

Key clients

Porto Sudeste do Brasil





CPFL Energia

Trivium Packaging

Schaeffler Brasil


Work highlights

  • Assisting Porto Sudeste in the conduct and defense of nearly 200 class actions filed by fishermen of the Sepetiba Bay in the state of Rio de Janeiro.
  • Assisting Tronox in the evaluation and improvement of its corporate ESG goals in relation to the closing of a mine.
  • Advising GOL on a partnership with climate tech company Moss Earth to neutralise part of its flights, improving its business through sustainable practices.

Brazil > Labour and employment Tier 2

The experienced labour team at Demarest Advogados is ‘very agile and has a remarkable sense of urgency’. The ‘accessible, organised, objective and highly capable’ practice represents clients from a wide range of sectors on contentious and advisory issues. Key areas of expertise include collective bargaining agreements, mass redundancies, labour investigations, and various types of labour disputes, such as class actions and proceedings brought by the Labour Public Prosecutor’s Office. The team is jointly led by the ‘very competent, experienced, professional’ Cássia Fernanda Pizzotti and Renato Canizares, ‘a very experienced and accomplished lawyer, who is very good at presenting complex facts’. Maurício Levy and the recently promoted Eduardo Alcantara are key labour litigation partners. Stella Castro joined the team in July 2022.

Practice head(s):

Cássia Pizzotti; Renato Canizares


‘I was fascinated by their high performance level, their way of explanation of complicated matters in easy words, and also their team spirit from the beginning. I have been working with Demarest since 2015 and I am still fascinated by their high performance level, their way of explaining complicated issues in simple words.’

‘I work with Renato Canizares. He is a very experienced and accomplished lawyer, who is very good at presenting complex facts, problems and their possible solutions with all their advantages and disadvantages in an easily understandable way. He is also not afraid to give a clear recommendation (which makes him very special).’

‘The Demarest team is very agile and has a remarkable sense of urgency.’

‘Certainly, the precision, the agility, the look at the business (as a whole) and, above all, the broad knowledge of legislation and legal reasoning make Demarest one of the best firms I’ve worked with.’

‘Accessible, organized, objective and highly capable of understanding the client’s needs and providing guidance, weighing the pros and cons, especially taking into account the company’s culture. Dealing with fee-related issues does not compromise the relationship. Cassia Pizotti is very competent, experienced, professional and, above all, values the quality of the services provided, regardless of the firm’s interests, which consolidates the relationship of trust.’

‘Demarest is always impeccable in its service, sense of urgency and, above all, in the holistic vision that transcends the subject they work on. In other words, they always bring not only the aspects asked – in this case, labor – but also the impacts in other spheres, such as civil, criminal, competition, compliance and reputation. They are always concerned about whether the service is adequate and they were open to making the format of fees more flexible.’

‘Cassia Pizzotti, Ivan Lima and Caio Pivatto: Extremely competent, up-to-date, flexible and visionary.’

‘Cassia Pizzotti, Celso Baez do Carmo, Nicole Vigato: All are excellent professionals, with a lot of technical knowledge, client knowledge and the right attitude.’

Key clients





Turner/Warner Media




Ernst & Young

Air Europa

Work highlights

  • Assisting CNP Seguros Holding Brasil (CSH) in a Federal Police investigation into several companies and individuals for actions allegedly perpetrated between 2014 and 2016.
  • Advised BNDES, Brazil’s development bank, with the labour planning for the privatisation of Brasília’s energy distribution company, CEB Distribuição.
  • Advising Benteler Componentes Automotivos following Ford’s announcement in January 2021 that its manufacturing operations in Brazil would cease.

Brazil > Public law Tier 2

Under the leadership of Bruno Aurélio, Demarest Advogados is a one-stop shop for advice on the development of PPP projects, public procurement, administrative contracts and concessions. With ‘deep knowledge of legislation and public tenders’, the team is well placed to handle the public law issues impacting an array of industries, including transport, sanitation and waste management. Public procurement is a particular strength for the department, but the team is also seasoned in disputes involving the public administration at the judicial and administrative levels, such as class actions, administrative improbity and the economic rebalancing of public contracts. Department head Aurélio is recommended for his ‘ability to articulate effective strategies from the point of view of administrative law’; PPPs, bidding processes and administrative proceedings are among his areas of expertise. Tomás Schoeller Paiva, who joined from Mundie e Advogados in January 2022, is noted for his in-depth knowledge of telecoms regulations and infrastructure, while Renan Sona Silva, who will be welcomed to the partnership in January 2023, is seen with great regularity advising on the structuring of concession projects and PPPs.

Practice head(s):

Bruno Aurélio


‘The team is creative, focused and provides high quality advice.’

‘Bruno Aurélio stands out for his technique and ability to articulate effective strategies from the point of view of administrative law.’

‘Deep knowledge of legislation and public tenders.’

‘Bruno Aurélio and Renan Sona are recommended.’

‘The lawyers who assist us are very solicitous and engaged. Attention and availability make them stand out.’

‘Bruno Aurélio and Renan Sona know deeply what is needed for a particular project and also what points to adjust to achieve a perfect final result.’

Key clients

Pátria Investimentos


Ecorodovias Concessões e Serviços

Smart RJ Concessionária de Iluminação Pública

Algar Telecom



Janssen-Cilag Farmacêutica

Concessionária Rodovia dos Tamoios

COBRA Brasil Serviços, Comunicações e Energia

Socicam Administração, Projetos e Representações

Work highlights

  • Representing Smart RJ Concessionária de Iluminação Pública in the execution of a PPP with Companhia Municipal de Energia e Iluminação – RioLuz for the public lighting system in Rio de Janeiro.
  • Advised Concessionária Rodovia dos Tamoios on negotiations with the State of São Paulo and Artesp to amend a PPP agreement and include civil works involving a road belt on Caraguatatuba and São Sebastião.
  • Assisted Socicam Administração, Projetos e Representações and the Consortium SP Terminais Noroeste, led by Socicam, on the bid regarding a PPP for the bus terminals linked to the Urban Public Passenger Transportation System in São Paulo.

Brazil > Real estate Tier 2

Demarest Advogados has an ‘efficient and agile‘ real estate team, which is ‘capable of dealing with two, three, four very different subjects in the same meeting, showing broad knowledge‘. Clients appreciate that the lawyers ‘always seek to understand the business and the pain of the client‘ while also seeking ‘to present practical solutions to what is needed‘. This covers a range of disciplines, including complex transactional, regulatory and environmental issues in high-profile urban and rural real estate investment and development projects. The team is jointly led by Lucas Tavares Bueno, Thiago Giantomassi and the ‘excellentMarc Stalder, who is ‘extremely accessible, speaks a clear and objective language, devoid of legalese and a great expert in real estate law’Since publication, Rafael Gagliardi has left the firm, effective as of May 2023.

Practice head(s):

Lucas Tavares Bueno; Thiago Giantomassi; Marc Stalder


‘The firm always served us with excellence. The experience was great.’

‘Marc Stalder is an excellent professional. Working with him was of great value. He is extremely accessible, speaks a clear and objective language, devoid of “legalese” and a great expert in real estate law. Really enjoyed.’

‘The real estate team has an efficient and agile service, all with seniority. They are capable of dealing with two, three, four very different subjects in the same meeting, showing broad knowledge about the segment. The integration between the team is very good, everyone usually knows about the unfolding of situations, never having one or the other of the team outside the subjects.’

‘The members of the firm always seek to understand the business and the “pain” of the client. They are always available and always seek to present practical solutions to what is needed.’

‘Marc Stalder and Daniel Abuchalla – what distinguishes them is proximity, empathy, availability and practical sense.’

Key clients

Ldc Louis Dreyfus Commodities

Yamaha Motor

Log Commercial Properties






Sylvamo Do Brasil

Lucio Engenharia

UNICO Gestão De Investimentos

Aurum Participações

CBIC – Camara Brasileira da Indústria da Construção

C&A Modas

Via Varejo


GTIS Partners


Emusa do Brasil

Atmosfera Incorporações

Votorantim Energia

White Martins Gases Industriais

Mover Participações


Santa Genebra

JMX Conciva








Greenwood Resources

7 Bridges Brazil

Jive Investments


Credit Suisse Hedging Griffo

Ekko Group

Companhia Melhoramentos

Procter & Gamble

MGB Group Mambo Supermercados

Consciente Construtora


Itaú BBA

Santander Asset

XP Investimentos


Work highlights

  • Assisting CBIC (Camara Brasileira da Indústria da Construção) in the discussions and all measures relating to a new legal bill to reform the public registry system and real estate development rules.
  • Assisted ESPM on the acquisition of Villa Aymoré, a historic property in Rio de Janeiro that will now be used for a school.
  • Advised Companhia Melhoramentos de São Paulo on a major private securitisation.

Brazil > Restructuring and insolvency Tier 2

Demarest Advogados has a well-regarded multidisciplinary team of ‘extremely qualified professionals’. The practice handles a broad range of related issues, including litigation, distressed M&A, tax and debt restructurings. The department has a good track record in handling some of the country’s largest restructurings, including cross-border cases involving Chapter 11 and 15 filings in the US. Its clients include major debtors and creditors, with recent highlights for the firm including its key role representing LATAM Airlines in its high-profile Chapter 11 and DIP financing. The highly rated team is led by insolvency litigator Guilherme Fontes Bechara. Since publication, Celso Xavier  has left the firm, effective as of May 2023.

Practice head(s):

Guilherme Bechara


‘Full service firm with extremely qualified professionals.’

‘Guilherme Bechara is qualified, solicitous and available.’

Key clients

LATAM Airlines Group

Everis Spain

Hill International

Quadra Capital

Roca Group

Carlisle Fluid Technologies

Crecera Capital Management

Jive Investments

Banco Modal

Credit Agricole Corporate Investment Bank

Fundação Renova

Work highlights

  • Representing LATAM Airlines Group, including the Brazilian entities TAM and TAM Linhas Aéreas, on its groundbreaking Chapter 11 proceedings.
  • Representing LATAM in the Brazilian law matters of a debtor-in-possession financing (DIP financing) valued at $2.4bn and secured in the context of the Chapter 11 cases of LATAM Airlines.
  • Advising Carlisle Fluid Technologies on the liquidation of its operations in Brazil, which will be conducted through a voluntary liquidation proceeding under the Brazilian Bankruptcy Law.

Tax > Tax advisory Tier 2

Demarest Advogados has an ‘exceptional‘ team, which is praised for its ability to ‘analyse tax matters from several different perspectives and with a very practical approach‘. The firm expanded its contentious offering with the 2021 hire of former judge Gisele Barra Bossa, who adds significant experience on the administrative litigation side. For judicial litigation, Priscila Faricelli is praised for her ‘special expertise in the superior courts for defining procedural strategies‘. Carlos Eduardo Orsolon (noted for his ‘unique ability to translate complex tax themes into clear and objective advice‘), Christiano Chagas and Roberto Casarini (who has ‘deep knowledge of the tax effects in M&A and IRPJ operations‘) are focused on direct tax, and practice head Douglas Mota and the ‘always fast and responsiveThiago Amaral are active in indirect tax. The ‘outstandingVictor Lopes is the main customs contact, while Marcello Pedroso handles payroll tax issues.

Practice head(s):

Douglas Mota


‘Exceptional team with superb experience in customs matters.’

‘Victor Lopes is an outstanding and exceptional lawyer.’

‘The evaluations are very comprehensive, they analyse the tax matters from several different perspectives and with a very practical approach.’

‘Thiago Amaral is always fast and responsive, bringing very broad perspectives to the table and also letting us know of different opportunities arising out of recent court decisions in the country.’

‘Personal and quick response to urgent issues. High knowledge.’

‘Carlos Eduardo Orsolon has a unique ability to translate complex tax themes into clear and objective advice to clients.’

‘Priscila Faricelli is always in the largest and most important discussions, with special expertise in the superior courts for defining procedural strategies, and the profile of judges.’

‘Roberto Casarini has deep knowledge of the tax effects in M&A and IRPJ operations.’

Key clients




Diebold Nixdorf (Procomp)


Chevron Oronite



Jaguar / Land Rover



General Electric

Azul Linhas Aéreas


Kion Group

TAM Aviação Executiva

Falabella / Construdecor

Zapay Pagamentos

Aptiv (Delphi)

Syngenta Proteção de Cultivos



Grand Cru



Instituto Democracia e Sustentabilidade

Navi Capital

Telefónica Brasil

Work highlights

  • Assisted Inter and Inter Platform in all tax issues related to the corporate structuring to allow its free float to migrate to a US listed entity.
  • Advised Alvarez & Marsal on all tax issues related to the structure and registration of the first Brazilian SPAC listed as a public company by the CVM.
  • Conducted a study for the CNI on the drawback and RECOF regimes, which currently suspend taxes on the importation of goods used to manufacture exported products.

Energy and natural resources > Electricity (and renewable energy)

The well-rounded energy team at Demarest Advogados is best known for its involvement in high-value litigation and regulatory matters involving government bodies and agencies. The recent arrival of co-head Rosi Costa Barros, who has more than two decades’ experience in the power sector, and a team of five associates strengthened the firm’s services catered to electricity companies engaged in public consultations, proceedings before ANEEL, regulatory contracts and self-generation projects. In addition, the practice is also adept at assisting with M&A and project development in the generation, distribution and transmission segments. Since publication, Rafael Gagliardi has left the firm, effective as of May 2023.

Practice head(s):

Rosi Costa Barros


‘The mixed experience of Demarest’s electric energy team makes it unique, as they understand practical aspects of regulation. In addition to the high quality of the electric energy team, its integration with other departments allows for high-level legal advice in several areas. Finally, the fact that it is led by partner Rosi Barros in a predominantly male environment contributes positively to the analysis of the office as a diverse office.’

‘Demarest’s energy team has specific knowledge in the area of ​​energy trading, which helps us both in litigation and advisory matters.’

Key clients

Engie Brasil Energia

Câmara de Comercialização de Energia Elétrica – CCEE

Energia Sustentável do Brasil – ESBR


Banco Plural

Ferbasa – Companhia de Ferro Ligas da Bahia

Cobra Energia

Norte Energia

CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Quantum (Brookfield)

Âmbar Energia

Aurora Energia

Work highlights

  • Advises ISA CTEEP on several strategic regulatory issues and administrative proceedings before ANEEL.
  • Advised Heineken in structuring a private tender to contract power for its industrial plants.
  • Advising CBA on the development of a self-generation power project to supply power to its industrial plants.

Energy and natural resources > Mining Tier 3

Created in 2015, the mining department at Demarest Advogados has been advising major players in the industry in complex mandates, including transactional and regulatory issues. Drawing on the firm’s offering across corporate, tax, capital markets, projects, public law and environment, the team is prepared to handle M&A, joint ventures and project finance matters. On the regulatory front, it has been especially active representing clients in administrative proceedings related to infraction notices and forfeiture procedures before the National Mining Agency. Practice leader Thiago Maia has a strong background in M&A, private equity and other corporate transactions involving mining assets. M&A and corporate governance lawyer Paulo Coelho da Rocha is another name to note for Brazilian and international mining companies. Since publication, Izabella Reis was promoted to partner, effective as of January 2023.

Practice head(s):

Thiago Maia; Paulo Coelho da Rocha


‘Demarest is a full-service firm that understands the issues at hand and comes up with the most appropriate solutions.’

‘Demarest has provided a service of absolute excellence to our company. I highlight the ability of professionals to impressively absorb the specificities of complex issues for which they are asked to give an opinion.’

‘I believe that the main distinguishing factor from other firms is the way in which they are involved in the demands. There is a strong feeling of ownership, and real concern with achieving goals.’

Key clients




Eliane – Revestimentos Cerâmicos

Tronox Pigmentos do Brasil

Saint-Gobain do Brasil Produtos Industriais e Para Construção

São Martinho




Work highlights

  • Advised CRH on the sale of its Brazilian cement business to BCPAR.

Brazil > Intellectual property Tier 3

Demarest Advogados‘ IP offering is spearheaded by Tatiana Campello   and is praised for its ‘highly effective and clear communication and collaboration’ with clients. Strong in IP transactions, agreements, portfolio structuring, due diligence and litigation, the team covers the full spectrum of IP, with considerable expertise in trade mark and patent matters. Campello is well regarded for her expertise in innovation, technology and data privacy, and is trusted by both domestic high-profile clients and global companies. Camila Garcindo Dayrell Garrote  is also of note within the team, advising on matters in the entertainment, sports and consumer product sectors. Betina Ferreira is another key contact. Julia Davet Pazos left the firm in May 2022.

Practice head(s):

Tatiana Campello


‘Interest and willingness to know the business, highly effective and clear communication and collaboration with the work are developed.’

Key clients

Stoller do Brasil

CBRE Group



Diebold Group

Oren Technologies


Ser Educacional

Instituto Promundo

Joy Global Group

Work highlights

  • Assisting Promundo with managing its trade mark portfolio, providing monitoring and tracing strategies for the protection of several trademarks in Brazil and the US.
  • Advising Diebold on its trade mark and patent strategy in Brazil, including patent prosecutions and licensing agreements.
  • Assisted JOKR in strategy planning and drafting trade mark assignment agreements.

Brazil > Life sciences Tier 3

Demarest Advogados‘ life sciences department balances a broad workload, regularly providing advice to clients in the biotech, medicine, healthcare, cosmetics, animal health, nutrition and e-cigarette industries. Claudio Mattos and Camila Biral both leverage strong biotech and pharmaceutical expertise, and are key contacts for some of the firm’s big-name clients. Ana Paula Pinheiro Schedel is a go-to lawyer in the team for commercial contracts, and Bruno Aurélio is known for his expertise and advice to companies in heavily regulated sectors, including pharmaceuticals, healthcare and tobacco. For IP-related life sciences matters, Rio de Janeiro-based partner Tatiana Campello is a name to note.

Practice head(s):

Ana Paula Schedel; Bruno Aurélio; Claudio Mattos; Camila Biral; Tatiana Campello


‘Lawyers are attentive, helpful, meet deadlines and are always willing to help.’

‘The service is of good quality.’

Key clients


JT International Distribuidora de Cigarros



Freshfields Bruckhaus Deringer

Universal Assistance

Vitta Tecnologia em Saúde

West Pharmaceutical Services Brazil

Gelita do Brasil


Work highlights

  • Advising KWS Seeds on matters related to the import of seed varieties.
  • Advising JTI on product registration and registration renewal.
  • Advising Bayer on the legal aspects in connection with the execution of a toll manufacturing agreement.

Brazil > Projects and infrastructure Tier 3

The projects team at Demarest Advogados brings together practitioners specialised in M&A, public law, finance and capital markets, who are seasoned in issues linked to the development of projects, financing and refinancing structures, and concessions. The team, which is praised for its ‘extensive legal and strategic knowledge’ of the infrastructure sector, is particularly sought after by clients looking for guidance in bid processes, concession agreements and PPPs. Its recent highlights include significant matters involving transportation and public lighting. Leading the practice is Bruno Aurélio, whose areas of expertise include public contracts, public procurement and project development. Thiago Giantomassi takes the lead on matters concerning the issuance of debt and securitised products to fund projects, while Renan Sona Silva, who will be welcomed to the partnership in January 2023, assists clients with the development of new infrastructure projects, competitive bids and litigation.

Practice head(s):

Bruno Aurélio


‘The team is always available to monitor the discussions and progress of the projects developed. Exceptional.’

‘Bruno Aurélio – Clarity in communication, availability and objectivity, in addition to exceptional personal treatment.’

‘Extensive legal and strategic knowledge of the sector.’

‘I’d highlight Bruno Aurelio and Renan Sona.’

Key clients

OBRA Brasil Servicos, Comunicações e Energia


Socicam Administração, Projetos e Representações

Atmosphere Capital

Construtora Queiroz Galvão

Smart RJ Concessionária de Iluminação Pública

Virgin Orbit

Banco Nacional de Desenvolvimento Econômico e Social



Work highlights

  • Advised Smart RJ and its shareholders and Rio Smart Lighting on the issuance by Rio Smart of senior secured notes in the amount of R$925m.
  • Assisted Socicam Infraestrutura e Participações in the evaluation and preparation for International Bid No. 01/2021, carried out by the State of São Paulo, for the concession of public services regarding airports.
  • Assisted Empresa de Planejamento e Logística (EPL) in studies and due diligence concerning the project for the privatisation of the Port of Itajaí, in the state of Santa Catarina.

Tax > Tax litigation Tier 3

Brazil > TMT: Cybersecurity and data privacy Tier 3

Demarest Advogados’ multidisciplinary data protection, cybersecurity and technology-oriented practice advises domestic and multinational clients within and outside the technology sector on all aspects of privacy, security incident risk management and AI. The team is led by intangibles, technology, internet law and IP expert Tatiana Campello, alongside Eduardo Magrani, who focuses on data protection and AI. The team’s recent instructions include assisting clients to achieve LGDP compliance, and advising on data privacy matters related to M&A. Since research concluded, Magrani has left to become a consultant at CCA Law Firm in Lisbon, Portugal.

Practice head(s):

Tatiana Campello; Eduardo Magrani


‘Team with very high seniority on the topic addressed.’

‘I recommend both Tatiana Campello and Eduardo Magrini.’

Brazil > Transport: Aviation Tier 3

Demarest Advogados has an experienced multidisciplinary team, which is particularly strong on the corporate finance side, as demonstrated by its role advising LATAM Airlines on its Chapter 11 process and subsequent DIP financing. It also has significant expertise in infrastructure projects and airport concessions, as well as related M&A, antitrust, insurance, environmental and tax law. Versatile practice head Gabriel Ricardo Kuznietz is a ‘technically excellent professional' with good credentials in corporate and regulatory matters. Former partner Luciana Goulart Penteado left in 2021.

Practice head(s):

Gabriel Ricardo Kuznietz


‘Demarest Advogados is a firm with a long history and recognized in the national legal market. The service delivered has always been beyond our expectations. They have always presented technically solid solutions, with a lot of added value for our business. The team is multidisciplinary, attentive, ethical, committed, efficient and proactive.’

‘Gabriel Kuznietz – a technically excellent professional, contributed a lot to the project.’

‘High technical qualification and knowledge of the market in general.’

‘Gabriel Kuznietz – a professional with deep technical knowledge, availability and commitment to the client. He has great capacity to act in several areas of law.’

Key clients

LATAM Airlines Group

Aerolíneas Argentinas


Aerolíneas Cargo

Gol Linhas Aéreas

Socicam Administração, Projetos e Representações

Delta Airlines

Iberia Líneas Aéreas

Air Europa

Air France KLM




Azul Linhas Aéreas Brasileiras

Work highlights

  • Representing LATAM Airlines Group, including the Brazilian entities TAM and TAM Linhas Aéreas, as the company filed for Chapter 11.
  • Advised Aerolíneas and Austral in the merger of Austral’s Brazilian branch into Aerolíneas’ Brazilian branch.
  • Advised Consórcio Central Airport, led by Socicam Administração, Projetos e Representações, on a bid carried out by ANAC involving the concession of 22 federal airports.

Brazil > White-collar crime and investigations Tier 3

The well-established practice at Demarest Advogados is praised for its ‘excellent performance in the criminal area’. The department is equally adept in environmental and financial crime cases, and also stands out for its ability to act on insider-trading matters. Additionally, the firm is well equipped to assist clients with investigations into bid rigging and cartel formation, where it can combine its strong capabilities in white-collar criminal defence and antitrust law. ‘Brilliant in her work, admirable as a person’, practice head Fabyola En Rodrigues can draw on over 20 years’ experience representing executives and companies in domestic and cross-border investigations. Larissa Borges Guimarães , Thais Karine Almeida Tereciano and Aline de Oliveira Silva are all names to note at the associate level.

Practice head(s):

Fabyola En Rodrigues


Excellent performance in the criminal area. Speed and proactivity mark the performance of the penal area. Advanced technical knowledge, which conveys confidence and security to the client.

Dr. Fabyola En Rodrigues is an extremely competent lawyer, brilliant in her work, admirable as a person. A great asset of the Demarest office, without a doubt!

I am very satisfied with the proactivity and negotiation solution presented, going beyond the legal aspects. This is a differentiator compared to my previous experiences. Another point to highlight is the work we did on mitigating the criminal liability of my directors.

‘I recommend Fabyola En Rodrigues, whether for her technical competence or for her complementary knowledge in business management. She manages to get everyone on her team to deliver a quality of work above my expectations. Another professional I recommend is Larissa Guimarães, who stands out for her knowledge of international criminal law.’

‘Highly qualified, ethical and discreet professionals.

Key clients

Andrade Gutierrez Engenharia

Bacardi Martini do Brasil Indústria

Cardif BNP Paribas Group

Marte Engenharia


Skansa Brasil

Baumgart Group

Communications Test Design


E-Frame Tecnologia e Negócios

Work highlights

  • Acting in the defence of a former executive of Andrade Gutierrez concerning alleged practices of bid rigging and cartel formation.
  • Successfully secured the acquittal of a company director in relation to a bid-rigging criminal accusation.
  • Assisted a client in the recovery of money in a case concerning internal fraud.

Energy and natural resources > Hydrocarbons Tier 4

Demarest Advogados offers advice to upstream, midstream and downstream clients in the gamut of mandates in these fields, notably high-value transactions and complex regulatory issues. The ‘highly qualified, responsive and business oriented’ group was strengthened by the arrival of David Meiler and a team of associates from Campos Mello Advogados in cooperation with DLA Piper in October 2021. Meiler has longstanding experience acting for oil companies and service providers operating or seeking to enter the Brazilian market. João Luis Almeida, whose areas of expertise cover corporate deals, financing transactions and regulatory issues, co-heads the department, which is also skilled at assisting clients in the development of onshore and offshore projects. Recent areas of activity for the department include deals involving the recent opening of the Brazilian gas market, Petrobras’s divestment programme and bidding rounds promoted by ANP. Since publication, Bárbara Bittencourt has left the firm, effective as of February 2023.

Practice head(s):

João Almeida; David Meiler


‘The O&G team is very specialised and complete, and seems to be attentive to the movements of the O&G market as a whole. The services provided by the O&G team are complete and with quality above the market average.’

‘We are supported by partner David Meiler.’

‘Demarest Advogados is one of the most reputable law firms in Brazil. Its oil and gas team, led by partner David Meiler, is the one we have the most contact with.’

‘David Meiler stands out. He is very competent and experienced in the oil and gas area.’

Key clients

Qatar Petroleum

Duna Energia

Vibra Energia

World Fuel

Petrom Produção de Petróleo e Gás

Petroleum Geo-Services

Royal Fic

Companhia de Gás do Estado de São Paulo – COMGAS

National Oilwell Varco

Cobra Serviços, Comunicações e Energia

BRASILCOM – Associação das Distribuidoras de Combustíveis

Murphy Oil Corporation

CHC Helicopters

Maersk Drilling / Supply Services

3R Petroleum

Etesco Construções e Comércio


Work highlights

  • Advised QP Brasil on its participation in the Second Transfer of Rights Surplus Production Sharing Bidding Round promoted by the ANP.
  • Assisted 3R Petroleum with the negotiation of the sale and purchase agreement executed with Petrobras for the acquisition of the Potiguar Cluster.
  • Provided assistance to Maersk Drilling in connection with the agreements entered into with Karoon Energy for the chartering and operation/services of a drilling rig (Maersk Developer).

Brazil > TMT: Telecoms

The TMT department at Demarest Advogados was recently strengthened by the arrival of Tomás Filipe Schoeller Paiva from Mundie e Advogados in February 2022. Paiva, a regulatory expert who has a wealth of experience in disputes involving the telecoms sector, leads the practice alongside public law and infrastructure specialist Bruno Aurélio, and corporate partner Ana Carolina Botto Audi.

Brazil > TMT: Tech, innovation and digital business

The highly regarded Tatiana Campello heads the technology practice at Demarest Advogados, advising a range of clients, from global tech giants to start-up companies, across the full spectrum of technology-related matters.

The firm: Founded in 1948, Demarest is one of the most renowned law firms in Brazil and ranks among the largest firms in Latin America. Throughout its history, providing services in the most diverse practice areas of law, Demarest has always maintained a commitment to providing legal services of the highest standards of quality and excellence.

The firm’s multidisciplinary model contributes to the agility and effectiveness of its work, integrating its professionals and creating a synergy across all teams. Clients from all over the world are assisted in domestic and international transactions, with an organisational structure that has offices established in the major cities of Brazil and in New York.

Excellence: Demarest is one of the leading full-service corporate law firms in Brazil, with more than 70 years of experience in assisting clients from all over the world. The firm is constantly ranked as one of the most prestigious Brazilian transactional law firms considering the number of transactions carried out and value of deals. Clients recognise Demarest’s lawyers as trusted advisors. The quality of the firm’s performance can be attributed to how matters are approached strategically, and the lengths to which teams prepare before even the first action is taken. The firm’s division into ‘work cells’ enables lawyers to become deeply familiar with the cases and the clients that they are involved with, resulting in a service that is of international quality yet provided with a personal approach.

Citizenship: For Demarest, there is a strong belief that it is everyone’s duty to contribute and work towards creating a more equal and compassionate society. As a result, the firm has established partnerships with organisations committed to realising these values and promoting the foundations for well-being, education and social inclusiveness. Demarest is involved in projects that aim to strengthen the relationship of the firm with local communities.

By means of partnerships with ‘Instituto Pro Bono’ and the Lex Mundi Pro Bono Foundation, Demarest provides legal advice to non-governmental and non-profit organisations. The firm also contributes to research carried out by renowned institutions regarding pro bono work in Brazil, including TrustLaw Index of Pro Bono and Latin Lawyer Pro Bono Survey. Demarest prides itself on adhering to a strong and active Diversity and Inclusiveness programme, and firmly believes that this forms an essential part of the Demarest approach that enables sustainable and cost-effective business, which in turn contributes directly to the socioeconomic development at local and global levels. The firm therefore promotes a pluralistic work environment that is non-discriminatory, respectful, welcoming, innovation-driven, and that ultimately contributes to achieving business results.

International reach: Leadership, commitment to its clients and the local market, and continued professional development. These traits are the cornerstones that led to Demarest’s being selected as the sole Brazilian member of Lex Mundi, the world’s leading network of independent law firms, and also a member of The Interlex Group and ELA. Besides certifying Demarest’s global service quality, these affiliations provide an extensive network of cooperation and sharing of information with leading member law firms around the globe and enables Demarest to take on the most challenging cross-border international transactions and litigation cases.

Demarest leverages its international capabilities by providing legal advice to international companies seeking to invest in Brazil, as well as Brazilian companies intending to open business units around the globe. The firm’s foreign desks have particular knowledge and expertise in specific regions such as China, France, Germany, Korea, Portugal, Spain and Latin America, in addition to its established relation with the European Community and North America.

Clients: Demarest is recognised for its ability, initiative and dedication to provide responsible, efficient and high quality legal services to all of its clients doing business in Brazil and abroad. The firm advises numerous multinational companies and the largest Brazilian groups in a vast range of industries, such as, but not limited to: 3M, Air France, Azul Linhas Aéreas, Bacardi-Martini, BMW, Boehringer Ingelheim,, BP, Braskem, British Telecom, Cencosud, Clariant, Deloitte, Diageo, Diebold-Nixdorf, Digital Realty, Dow, Eli Lilly, Goodyear, IBM, Johnson & Johnson, Metro, Monsanto, Motorola, Nestlé, Netflix, Nike, Odebrecht, Pfizer, PSA Peugeot Citroen, Reckitt Benckiser, Qatar Petroleum, Latam, Time Warner, Unilever, Universal Studios, Visteon, Volkswagen, Votorantim and others. The firm also advises clients in matters involving private equity, investments and sovereign funds such as Banco BTG Pactual, GIC – Sovereign Wealth Fund of Singapore, Invepar, Morgan Stanley, KKR, OTPP Board, Vinci Capital, Vinci Partners among others.

Partners (66): Ana Carolina Botto Audi, Ana Paula Schedel, Andoni Hernández, André Alarcon, Antonio Carlos Gonçalves, Bruna Pacheco, Bruno Aurélio, Bruno Drago, Camila Biral, Carlo Verona, Carlos Eduardo Orsolon, Cássia Pizzotti, Catarina Rodrigues, Celso Xavier, Cesar Rossi Machado, Christiano Chagas, Cláudio Mattos, Daniel Andreoli, Daniel Caramaschi, Douglas Mota, Edimara Wieczorek, Eduardo Magrani, Eloy Rizzo Neto, Fabio Braga, Fabyola En Rodrigues, Gabriel Kuznietz, Gisele Barra Bossa, Guilherme Fontes Bechara, Guilherme Vieira da Silva, João Luis Almeida, João Paulo Minetto, José Diaz, Joyl Gondim, Kátia Zambrano, Lucas Tavares Bueno, Luciana Prado, Luciana Tornovsky, Luiz Fernando Sant’Anna, Marc Stalder, Marcelo Annunziata, Marcelo Inglez de Souza, Marcello Pedroso, Marcia Cicarelli, Maria Helena Bragaglia, Maurício Barros, Maurício Levy, Mauro Luz, Milena Mundim, Mônica Matarazzo, Newton Marzagão, Paola Pugliese, Paulo Coelho da Rocha, Priscila Faricelli, Rafael Gagliardi, Renato Canizares, Rodrigo Campos, Rodrigo Damazio, Rosilane Costa Barros, Sílvio Venosa, Thereza Montoro, Tatiana Campello, Thiago Abiatar Lopes Amaral, Thiago Giantomassi, Thiago Maia, Thiago Sandim, Victor Lopes.

Main areas of practice: Agribusiness; arbitration; aviation; banking and finance; bankruptcy/restructuring; capital markets; competition/antitrust; compliance; contracts; corporate/M&A; corporate criminal law; data privacy and cybersecurity; environment; government relations; insurance and reinsurance; intellectual property and innovation; international trade/ WTO; labour and employment; life sciences; litigation; media, sports and entertainment; mining; oil and gas; power; product liability; projects/infrastructure; public law; real estate; shipping; social security; tax; telecommunications and technology; timberland investment; wealth and succession structuring and white-collar crime.

Mergers and Acquisitions, Aviation Gabriel Ricardo 11 3356 1547
Competition Bruno 11 3356 1776
White Collar Defense and Investigations Fabyola En 11 3356 1738
Commercial Agreements Cláudio 11 3356 1561
Mergers and Acquisitions Paulo 11 3356 1822
Mergers and Acquisitions Thiago 11 3356 2085
Arbitration and Litigation, Energy Rafael 11 3356 1576
Environment Luiz Fernando Sant' 11 3356 1518
Mergers and Acquisitions, International Trade/WTO José 11 3356 1549
Insurance and Reinsurance, Mergers and Acquisitions André 11 3356 1821
Intellectual Property and Innovation, Data Privacy and Cybersecurity Tatiana 21 3723 9851
Labor and Employment Cássia 11 3356 1710
Litigation and Arbitration, Restructuring and Bankruptcy Celso 11 3356 1616
Oil and Gas João 21 3723 9804
Mergers and Acquisitions, Real Estate Lucas Tavares 11 3356 1791
Social Security Rodrigo 11 3356 1732
Mergers and Acquisitions, Private Equity Ana Carolina Botto 11 3356 2115
Commercial Agreements Ana Paula Pinheiro 11 3356 1892
Mergers and Acquisitions Andoni Hernandez 11 3356 2235
International Trade/WTO, Litigation and Arbitration Camila Biral Vieira da Cunha 11 3356 2178
Compliance, Litigation and Arbitration Carlo 11 3356 1954
Tax Carlos Eduardo Marino 11 3356 2186
Tax Catarina Rosa Rodriguescarodrigues@demarest.combr+55 11 3356 1619
Tax Christiano Chagas Monteiro de 11 3356 2004
Competition Daniel Oliveira 11 3356 1679
Tax Douglas 11 3356 1888
Mergers and Acquisitions, Tax Edimara Iansen 19 3123 4305
Banking and Finance Fabio de Almeida 11 3356 1668
Litigation and Arbitration, Restructuring and Bankruptcy Guilherme Fontes 11 3356 1763
Mergers and Acquisitions Guilherme Vieira da 21 3723 9821
Capital Markets, Mergers and Acquisitions João Paulo Bueno 11 3356 1626
Mergers and Acquisitions Joyl Gondim de Alencar 11 3356 1957
Tax Katia Zambrano 11 3356 1545
Mergers and Acquisitions Luciana Monteiro Cossermelli 11 3356 1671
Social Security Marcello Pedroso 11 3356 1685
Intellectual Property and Innovation, Litigation and Arbitration Marcelo Junqueira Inglez de 11 3356 2177
Tax Marcelo Salles 11 3356 2187
Insurance and Reinsurance Marcia Cicarelli Barbosa de 11 3356 1825
Litigation and Arbitration, Consumer Law Maria Helena Ortiz Bragaglia 11 3356 2158
Labor and Employment Mauricio Rodrigo Tavares 11 3356 1908
Tax Mauro Ernesto Moreira 11 3356 1632
Litigation and Arbitration Newton Coca Bastos Marzagã 11 3356 1693
Competition Paola Regina 11 3356 2084
Tax Priscila Faricelli de Mendonç 11 3356 1716
Labor and Employment Renato 11 3356 2173
Tax Rodrigo Damazio de Miranda 21 3723 9824
Mergers and Acquisitions Thereza Maria Sarfert Franco 11 3356 1676
Capital Markets, Mergers and Acquisitions Thiago Giantomassi 11 3356 1656
Mergers and Acquisitions, Mining Thiago Rodrigues 11 3356 2006
International Trade/WTO, Tax Victor Bovarotti 11 3356 1692
Litigation and Arbitration Silvio de Salvo 11 3356 2033
Public and Regulatory Bruno Auré 11 3356 1853
Compliance, Investigations Eloy Rizzo 11 3356 2240
Insurance and Reinsurance Luciana 11 3356 2056
Real Estate Marc 11 3356 1581
Competition Milena 11 3356 2092
Labor and Employment Mônica 11 3356 1663
Government Relations Antonio Carlos Guimarães Gonç 61 3243 1164
Intellectual Property and Innovation, Data Privacy and Cybersecurity Eduardo 21 3723 9811
Corporate Law and Mergers and Acquisitions Bruna Toledo 11 3356 2167
Commercial Contracts, Corporate Law and Mergers and Acquisitions Daniel 19 3123-4309
Litigation and Arbitration Cesar Rossi 11 3356 2196
Tax Thiago Abiatar Lopes 11 3356 1571
Energy and Natural Resources Rosaline Costa 11 3356 1353
Tax Gisele Barra 11 3356 1809
Tax Maurico 11 3356 2150
Other fee-earners : 251
Total staff : 690
Chinese (Mandarin)
ELA (Employment Lawyers Association)
Lex Mundi - The World's Leading Association of Independent Law Firms
The Interlex Group

CLIENT: Jessica Valdez
COMPANY/FIRM: Capricórnio
Over the past 8 years working at Capricórnio, I can say that when I consult Demarest on the demands and challenges of our everyday business, especially under the firm’s coordination, I get a feeling of confidence and legal certainty. Trust and legal certainty for decision making are fundamental requirements for Capricórnio. Demarest provides a qualified and prompt assistance, in addition to the excellent team that always attentively and receptively supports us with any demand, issuing trustworthy legal opinions before independent auditors.

CLIENT: Rafael Moumdjian
COMPANY/FIRM: Syngenta Group
Roberto Casarini constantly demonstrates an extremely robust technical knowledge in the diverse topics present in our demands, which may seem like the standard for law firm of such relevance. What makes us satisfied with the results is the easy adherence to the understanding of our processes. I highlight the flexibility, holistic view and knowledge of processes. Much of the results are due to the great people management and technical leadership of Roberto Casarini, who has been meeting the demands of the Syngenta Group in Brazil and in the HQ.

CLIENT: Gustavo Luz
COMPANY/FIRM: Fundo Vale & Participações
The work carried out by Roberto and his team is fundamental to Fundo Vale’s strategy. They have a deeply technical look without losing the connection with the business, being a fundamental part for us to advance with security and legal rigor in innovative mechanisms at the frontier of action in the carbon market. They bring to the table a state of the art of taxation expertise with a lot of empathy in the search for a solution for the client.

CLIENT: Lucas Maio
COMPANY/FIRM: Alianza Trust, Multioffices 2 fund
Whenever we face a complex challenge involving our business, we count on the excellence and irreproachable work of Daniel Schaffer and the entire team at Demarest Advogados. Diligent, punctual and technically impeccable, they advise us frankly and objectively on the most relevant and strategic matters.

CLIENT: Maurício Nazar de Abreu
COMPANY/FIRM: Diebold Nixdorf
Luciana has long been considered by the leadership of Diebold Nixdorf as a competitive advantage in our business. Whether due to high technical knowledge, repeated practice or business vision, Luciana has led several highly complex operations and matters, achieving success in every opportunity. Going further, she inspired the people around her with her simplicity, empathy and passion for what he does. It was no surprise to observe Luciana leading the themes of diversity and inclusion in the legal world and the society in São Paulo.

CLIENT: Carolina De Nardi
I have had the pleasure of working with Luciana Tornovsky’s team for many years. Whenever there is a special project at Zoetis, I make a point of consulting and hiring Luciana’s team at Demarest because I am sure that the highest quality services will be provided. The team is extremely qualified and this gives me the peace of mind to always fully trust Luciana and her team’s advice.

Demarest has engaged in ESG practices and intentional actions, seeking to mitigate and transform negative impact, while also increasing the potential for positive impact.

Accordingly, we carry out our practice in alignment with four main pillars: private social investment, corporate volunteering, pro bono practice, and diversity, equity, and inclusion.

Within such pillars, our practice branches into four different aspects, two of which are aimed at our employees, and two at our external audience.

The two aspects aimed at our employees are:

  1. Organizational culture: encouraging, structuring, and fostering groups that engage in volunteer activities and environmental matters, in addition to affinity groups and allies, as well as corporate education, internal campaigns and events, in order to raise awareness on pressing topics, and the importance of affirmative action.
  2. Governance and management: addressing legal requirements, management of indicators, development of policies and rules, as well as carrying out internal surveys.
    The two aspects aimed at external audiences are:

    • Branding strategy and reputation: drafting of reports; participation in forums, alliances, and business coalitions focused on socially responsible practices; participation in events with clients and other industry partners to collaborate in propagating best practices, learning, and developing solutions.
    • Community relationship: carrying out private social investments and supporting social organizations that engage with our priority audience (women, LGBTQIAP+ people, and black people) and carry out activities focused on one or more of our three main topics – education, health and welfare, and the environment.

As a result, we respect human and labor rights and encourage other companies to follow suit, in addition to caring for our employees’ relationships and engagement, fostering a safe and respectful environment that allows them to express themselves confidently, and contribute to the development of the business and society with their creativity and innovation.

Within the pillar of diversity, equity, and inclusion, we carry out initiatives led by a dedicated team and supported by affinity groups, in order to create and reinforce the agendas related to the identity of each person.

Our gender equity group, named D Mulheres, was created in 2017, with the purpose of fostering gender diversity in the firm.

The affinity group is driven by practices aimed at promoting balance, removing barriers, and distributing opportunities more fairly, in regard to gender.

In 2018, we established D RAÍZES, an affinity group fully committed to fostering equality, valuing ethnic and racial diversity, and creating fair opportunities for all at Demarest. Also in 2018, we established D MAIS, a group whose purpose is to provide effective support for LGBTQIAP+ matters, while fostering an open, welcoming, respectful, and safe work environment for all.

Since their creation, such groups have contributed to the four aspects mentioned above, developing practices, projects, campaigns, and programs that address our priority topics internally and externally.

International relationships

We maintain close ties with leading law firms which enables access to top-tier local expertise in every single jurisdiction. Besides certifying Demarest’s global service quality, these affiliations provides an extensive network of cooperation and sharing of information with all member law firms and enables Demarest to take on the most challenging cross-border international transactions and litigation cases.

Broad experience in cross-border transactions

Demarest is responsible for important domestic and cross-border transactions in a wide range of areas of business activities, especially those relating to mergers and acquisitions, project and structured finance, banking, securities, infrastructure, as well as concessions and privatizations.

Our lawyers are familiarized with practicing at an international level very early in their careers, through secondment programs at global law firms or LL.Ms in leading universities in Europe and the US.